SCHNU PROPERTY LIMITED

SCHNU PROPERTY LIMITED

SCHNU PROPERTY LIMITED - Company Information

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Company Registration No. 06667913 (England and Wales)
SCHNU PROPERTY LIMITED Unaudited accounts for the year ended 31 August 2023
SCHNU PROPERTY LIMITED Unaudited accounts Contents
Page
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SCHNU PROPERTY LIMITED Company Information for the year ended 31 August 2023
Director
Belinda Katie Kew Ogden
Company Number
06667913 (England and Wales)
Registered Office
103 High Street Waltham Cross Hertfordshire EN8 7AN
Accountants
Heartwood Accountants Limited 103 High Street Waltham Cross Herts EN87AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SCHNU PROPERTY LIMITED for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SCHNU PROPERTY LIMITED for the year ended 31 August 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of SCHNU PROPERTY LIMITED, as a body, in accordance with the terms of our engagement letter dated 3 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of SCHNU PROPERTY LIMITED and state those matters that we have agreed to state to the Board of Directors of SCHNU PROPERTY LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SCHNU PROPERTY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SCHNU PROPERTY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SCHNU PROPERTY LIMITED. You consider that SCHNU PROPERTY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SCHNU PROPERTY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Heartwood Accountants Limited Chartered Accountants 103 High Street Waltham Cross Herts EN87AN 12 February 2024
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SCHNU PROPERTY LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
4
225,000 
110,000 
Current assets
Debtors
5
350 
- 
Cash at bank and in hand
8,462 
18,029 
8,812 
18,029 
Creditors: amounts falling due within one year
6
(19,562)
(19,547)
Net current liabilities
(10,750)
(1,518)
Total assets less current liabilities
214,250 
108,482 
Creditors: amounts falling due after more than one year
7
(104,180)
(104,000)
Net assets
110,070 
4,482 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
109,970 
4,382 
Shareholders' funds
110,070 
4,482 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 April 2024 and were signed on its behalf by
Belinda Katie Kew Ogden Director Company Registration No. 06667913
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SCHNU PROPERTY LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
SCHNU PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06667913. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 September 2022
110,000 
Net gain from fair value adjustments
115,000 
At 31 August 2023
225,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
350 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
75 
60 
Other creditors
19,487 
19,487 
19,562 
19,547 
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SCHNU PROPERTY LIMITED Notes to the Accounts for the year ended 31 August 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
104,180 
104,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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